Last updated on June 21st, 2023
airbnb property for sale Hamilton City Centre OH
Hamilton City in Ohio is known for its exquisite industry of sculpture, theatre, and arts. This city is situated on the banks of the Great Miami River with plenty of interesting establishments to visit!
While there are plenty of investors in Hamilton City, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Hamilton. Another excellent option is to do rental arbitrage in Hamilton as it’s fairly popular and does not require you to purchase a property.
Redfin confirms that the prices in Hamilton Housing Market have decreased by 3.8% in comparison to last year where the average sale price of homes are priced at $138K.
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“We discovered that Hamilton is experiencing a lot of urban renewal and that there are lots of great civic organizations functioning here, so opting for an up-and-coming town was a good choice for us.”
– By Laura Leavitt as on The Business Insider
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.
This includes the best website recommendations for property investment in Hamilton, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Is Property Investment Profitable in Hamilton City Centre?
Using an Airbnb calculator, it was discovered that a 2-bedroom apartment in Hamilton City Centre can generate an annual revenue of $31,194 with a steady occupancy rate of 62% and a nightly rate of $140.
airbnb property for sale Hamilton City Centre OH
Cheap Houses For Sale in Hamilton City Centre
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Some of the preferred neighborhoods in Hamilton are Lindenwald, City View Heights, and Cherry Grove. Here are some of the profitable properties in Hamilton City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1703 Jo Williams St, Cincinnati, OH 45223
1. Studio-type Property for Sale Hamilton
Near Chase Elementary School
Asking Price: $60,000
| GROSS RENTAL YIELD | 26.58% |
| ANNUAL REVENUE | $15,945 |
| CASH ON CASH RETURN | 53.96% |
6019 Woodford Ct APT 4, Cincinnati, OH 45213
2. 1-Bedroom Property for Sale Hamilton
1.2 miles John P Parker Elementary School
Asking Price: $94,900
| GROSS RENTAL YIELD | 19.92% |
| ANNUAL REVENUE | $18,726 |
| CASH ON CASH RETURN | 34.00% |
1533 Grove St, Cincinnati, OH 45225
3. 2-Bedroom Property for Sale Hamilton
6 miles Withrow University High School
Asking Price: $79,000
| GROSS RENTAL YIELD | 21.23% |
| ANNUAL REVENUE | $16,775 |
| CASH ON CASH RETURN | 37.94% |
1211 Sipple Ave, Hamilton, OH 45011
4. 3-Bedroom Property for Sale Hamilton
1 miles to Fairwood Elementary School
Asking Price: $104,900
| GROSS RENTAL YIELD | 27.13% |
| ANNUAL REVENUE | $23,059 |
| CASH ON CASH RETURN | 40.18% |
1102 Garden Ave, Hamilton, OH 45011
5. 4-Bedroom Property for Sale Hamilton
0,1 miles Riverview Elementary School
Asking Price: $119,000
| GROSS RENTAL YIELD | 18.71% |
| ANNUAL REVENUE | $22,267 |
| CASH ON CASH RETURN | 30.37% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Hamilton such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
